Navient closes $500M offering of 11.500% Senior Notes due 2031

NAVIENT CORP

Issued $500M aggregate principal of 11.500% Senior Notes maturing 2031.
Underwriters: BofA Securities, Barclays, J.P. Morgan, RBC Capital Markets.
Notes issued under supplemental indenture dated Nov 3, 2023 with Bank of New York Mellon as trustee.
Offering made under existing shelf registration statement (333-271354).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

NAVIENT CORP entered into Underwriting Agreement with BofA Securities, Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC valued at $500,000,000 aggregate principal amount of 11.500% Senior Notes due 2031 (effective 2023-10-31).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC
Value: $500,000,000 aggregate principal amount of 11.500% Senior Notes due 2031
Effective: 2023-10-31

Exact text from the filing

On November 3, 2023, Navient Corporation (the “ Company ”) completed a public offering of $500,000,000 aggregate principal amount of its 11.500% Senior Notes due 2031 (the “ Notes ”).

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Source: SEC EDGAR

accession 0001193125-23-270434

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